Without a doubt, exploring the surroundings of Baños will take you to the village of Río Verde and the nearby Pailón del Diablo, a thundering 80m-high waterfall.
The area includes a few suspension bridges leading to different viewpoints on the waterfall. But to be honest, I found the bridges and the viewpoints being an attraction on their own! Surrounded by lush forests and soaked in the sun, I found myself sitting there for a while, enjoying the nature around.
Río Verde, Ecuador