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The E2 is still an incredibly affordable Wear OS smartwatch, but if you’re happy to look outside of Google’s ecosystem, there are other, cheaper options. For example, the Amazfit Bip ($99) has far better battery life and links back to Xiaomi’s excellent Mi Fit app.
If you want better battery life and contactless payments the Fitbit Versa ($199) is undoubtedly the best alternative for just a small price bump. If you can find them on sale, the Garmin Vivoactive 3 Music ($299) or even the Samsung Gear Sport ($279) are also worth a look.