In reply to Andes:
Your line of sight to your reference point, which is probably the far horizon beyond the other summit, slopes downward in relation to a line tangential to the earth's surface at your position. The other summit of similar height is always above the line that is your reference and therefore appears, incorrectly, significantly higher than your position.
(However, if you were able to readjust your reference to the true tangent to the earth's surface at your presernt position the other summit would appear lower but this would not be correct either.)
The way that our brains selects reference points for these judgements makes them difficult to get right.