Given the pained debate here by Western Europeans over the semantics of “Europe” and Ukraine’s relationship therewith, it’s very unlikely NATO would act and that’s precisely what the Russians would bet on.
Russia's best case scenario atm is they take more of eastern Ukraine and the west establishes a DMZ not far from the current frontlines. Pushing up anywhere close to Lviv/Polish border would be like winning the lottery given their current track record.
These sorts of wars are very rare in the modern era. They gambled entirely because they faced an army they were 10x the size and they got embarrassed. There's near zero strategic logic in trying again vs NATO after they lost most of their fancy gear.
Slowly then suddenly. Movements in the frontline are gradual until one side is exhausted and collapses. With Trump’s ludicrous “peace” plan, Ukraine would be barred access to US weapons, the size of its military restricted, and Russia would simply rearm and try again.
And despite how things have fared in Ukraine thus far, the Baltics are a much softer target. If Ukraine does end up falling to the Russians, it’ll be used as a springboard by the Russians, potentially supported by Ukrainians disillusioned with the West’s betrayal. It would certainly not be the first time that Russia has annexed Ukraine and mobilized its people against Russia’s foes.