Is Cosmos an Ethereum competitor?

I'm curious to know, "Is Cosmos truly a contender against Ethereum?" It seems like both platforms are making strides in the realm of blockchain technology and decentralized finance, but I'm not quite sure how they stack up against each other. Cosmos touts its scalability and interoperability features, while Ethereum has a strong reputation for its smart contract capabilities. Could you help me understand the nuances of their competition and perhaps provide some insights into their respective strengths and weaknesses? I'm eager to learn more about this fascinating topic.