If all you’re using is EC2 or GCE (ie: plain VMs) you’re just wasting money anyway. You’d be better served by going with one of the cheaper alternatives that only do VMs, so Hetzner or Digital Ocean or Linode or whatever doesn’t really matter...
Hence “plain VMs”. EC2 does offer other things under the umbrella, but if OP has tried GCE and is considering Hetzner he’s clearly not using those, so he’s wasting money every month.