I'm not particularly tied to Hetzner as an American using their Ashburn servers, so I figured maybe this price increase puts them a little closer to DigitalOcean's pricing. The pricing is still pretty heavily in Hetzner's favor though: the CCX23s that I use will be $39.99 USD after April 1, but the closest DO equivalent is $126 USD with a third of the disk space.

I would imagine we are going to see a DO price increase soon, given the crazy costs of RAM and now storage. Given the usual life cycle of server hardware, they will need to start preparing their increases for the next cycle.