Liverpool are old news they have been knocked out by the better team it does not mean much that they could not win the 2nd leg and only drew. They did enough in the 1st leg and decided to take their foot off the gas and rest but do enough to win the 2nd leg. I do not think we should read into them not winning the 2nd leg they are still the favorites for the Champions League and one of the only teams that have big experience in winning it left in the competition. Chelsea will be the next English team knocked out and Manchester City will probably be the only English team that has a chance of winning the competition. I hope Real Madrid wins they are the best team in the competition and they have the best atmosphere and the most experience which I think cannot be underestimated.
Madrid will always be the favorite for the UCL final. I also think it will happen, but maybe their opponent could be Man City. I think that's the strongest candidate. apart from maybe surprises coming from other teams like Napoli or Munich.
Benfica is also strong, but not many will favor it. The final match may be Madrid and Man City. just my guess.