There are a wide variety of options for hiking/cultural activities in Ecuador. Below is one 5 day trip package put together by Latintours, the group that I work with for the Galapagos trip. I present it to give an idea of what is available–not to say that this exactly is what we would do.
Day 1 Leave from Quito after breakfast and travel to the North , stopping at the village of Calderon, famous for masapan figures, our next stop Oyocoto trails for an acclimatization hike along arid scenic terrain , lunch and transfer to Hacienda Guachala , one of the world´s oldest farm.
Day 2 After breakfast we will drive to the area of Quito Loma here we find remains of pre incan ruins and hike along the paramo grasslands with an altitude approx 3000 m where after a two hour hike we will drive to the small village of Oyacachi. This was once a very important trading region between the highlands and the jungle. Night Hacienda Guachala.
Day 3 . This day we will hike around the active volcanic crater lake of Cuicocha which will lead us to 3500m for approximately 3-4 hours following the rim of the crater where we admire the great views of the deep blue lake. Night at Hacienda Pinsaqui.
Day 4 This day we will visit the Otavalo market ,The Otavalo culture are famous all around the world for their folk music ,weaving and trading products from other regions and walk around the Peguche waterfall. Night at Hacienda Pinsaqui.Visit to ÑANDAMAÑACHI HOUSE. Visit San Antonio de Ibarra.
Day 5 Drive to area of Mojanda, where we will hike Fuya Fuya approx 3-4 hours, taking us to the summit at an altitude approx 4200 m. Great views of lake and paramo grasslands. Return to Quito.