Chelsea looks weaker now. You see Fiorentina and Real Betis they should not be underestimated against Chelsea. However, it is more clearer that Chelsea will win against any of the mentioned team because this is the only competition they are playing in, and the only trophy they might be able to get their hands on this season. Apart from fighting for a place in the UCL next season they need one trophy just like every other big team across other competition.
Chelsea looks far weaker than at early season. They looked so damn difficult in beating the team that came from nowhere. However, they're still remain the most favorite team to win the conference league. Look at the odds above. The gap is quite big.
I know how garbage their performance now, but can't deny the fact their odds tell about how strong they are. They also leads the race for the title. I know how you're doubting them, but hopefully they can sort it out at the end of season.
They have Betis as the strongest competitor for the title race, but they can beat them as long as they got their form back. I only have them and Betis as potential candidates to win the league.