It is interesting to read Egyptian opinion on the Somaliland recognition. Basically they view it as a threat and propose to inject money and effort into the "disintegrating" Somali government.
Egypt itself however is incapable of such undertaking due to its own financial crisis, a part of which can be attributed to the Houthis but which began long before that.
Basically a confrontational approach. But Egypt itself is militarily very passive. Having significant security challenges across all borders and in the region, but actively engaging only against local insurgency.
EDIT:
One more thought I had.
Israel-Ethiopia relations from Somaliland angle:
Egypt has been untenably antagonistic to Israel. Untenable because Egypt does not have the resources and stability to be confrontational toward anyone.
It is however in a collision path with Ethiopia, and we also know Ethiopia wants, above all, sea access.
Israel and Ethiopia maintained low volume albeit good relations for decades, uninterrupted by geopolitical events. In a high profile event, Israel even supplied Ethiopia Spyder air defenses currently used for its GERD dam.
Ethiopia's economy is rapidly growing. Its TFR is also rapidly dropping as well, which is healthy because it was dangerously high (>5 in 2011, now 3.6).
It is also land locked. And to maintain growth, Ethiopia will need sea access. It can go through Eritrea, Djibouti, Somaliland, or Somalia.
The closest to Addis Ababa is Djibouti, but of similar distance is Somaliland's Berbera.
Somaliland and Somalia provide a higher degree of safety from Houthi piracy, but of the two only Somaliland is stable and dependable.
A coalition of Ethiopia and Somaliland, supported from outside by Israel and the US, could create another regional center of power. One capable of increasing Red Sea security, and offering Israel a regional alternative to Egypt for some security challenges.
EDIT 2:
I forgot to mention of course the massive support Somaliland receives from the UAE, which also invests in other physical permanent military infrastructure around Yemen.
There is an airstrip under construction in Somaliland's Berbera, presumably by the UAE. Somaliland has no air force.
The UAE is a prime candidate for such a regional coalition encompassing a wide zone from the Persian Gulf through the Red Sea and into the Mediterrannean via Greece and Cyprus.