No, Ethereum still has a long road to travel until it becomes next Bitcoin. Moreover there are many advantages which make bitcoin more famous as a currency tending it to be more powerful than any other. Despite showing tremendous progress over the last few months it cannot reach as high as bitcoin because the supply is not limited, hence tends to make price stable.
Ethereum is a universal virtual currency platform. Everyone can use Ethereum's tools to develop their own virtual currency system. Ethereum is a smart contract system that can generate any number of different virtual currencies. Compared with Bitcoin, Ethereum's management is more rigorous. Ethereum has formed an alliance to ensure the openness and standardization of applications, and companies can use Ethereum to issue their own virtual currency to complete financing.