When comparing Elm vs Ceylon, the Slant community recommends Elm for most people. In the question“What is the best programming language to learn first?” Elm is ranked 13th while Ceylon is ranked 42nd. The most important reason people chose Elm is:
Lack of run-time exceptions makes it easy to produce large swathes of reliable front-end code without drowning in tests.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro No run-time exceptions
Lack of run-time exceptions makes it easy to produce large swathes of reliable front-end code without drowning in tests.

Pro Inferred static typing
ML static typing is great because it's always there, you just choose how explicit you want to be and how much you want the compiler to do.

Pro Super easy refactoring with very helpful compiler errors
In no other language you can refactor so easy without any worries, since the compiler will guide you through. It is like TDD but than compiler-error driven.
Pro Designed around high-level front-end development
As Elm was designed as a front-end langauge, it has out of the box support for things like DOM-element creation, letting programmers focus on their application logic, rather than implementation details specific to the web.
Pro Great and simple way to learn Purely Functional Programming
You can try to apply some functional programming ideas in other languages that have an imperative basis, but you haven't seen the real power unless you tried it in the environment of purely functional programming. Elm is a simple language with great learning resources and easy graphical output, which makes it easy to explore the power of functional programming. Plus programming in Elm is very readable.

Pro Good tooling
All major editors have great support. With Atom for example, Elm plugins are available for linting, formatting, make/compiler support and Elmjutsu will simply overflow you with super useful functions, like navigate to referenced definition and show expression type.
Pro Batteries included
The Elm Architecture means you don't need to spend valuable time and effort choosing the right frameworks, state management libraries, or build tooling. It's all built in.
Pro Static module system
Elm uses easy to use modules.
Use:
import List
import List as L
import List exposing (..)
import List exposing ( map, foldl )
import Maybe exposing ( Maybe )
import Maybe exposing ( Maybe(..) )
import Maybe exposing ( Maybe(Just) )
Creation:
module MyModule exposing (foo, bar)

Pro Missing syntactic sugar
Easy to learn, most functions have only one way, not 5 alternatives where you must study where to best use what.
Pro Growing community
Pro Interactive Programming and Hot Swapping
Support for hot swapping and interactive programming is included.
Pro Easy to code review
The lack of side-effects and simple, consistent language semantics make it easy to quickly review incoming changes.
Pro Higher confidence in code correctness and quality
Pure functions, immutable data structures, amazing compiler, clean and homologous syntax used for HTML, logic, and optionally to replace CSS, elimination of entire classes of bugs so you don't even need most unit tests. These factors lead to better code, better programs, higher confidence, and ultimately, more satisfaction.

Pro Not quite Haskell semantics
Luckily you do not have to learn Haskell to be able to do any Elm. It is meant to be a language that compiles to Javascript, so for Javascript programmers (Front end) not for CS students who want to learn as many different algorithms as possible.
Pro Try it out in the browser
It has a Web IDE: http://try.ceylon-lang.org/ with impressive demos: http://try.ceylon-lang.org/?gist=bd41b47f325b6d32514a so you can try it without installing anything, and see the JS generation / interop in action.
Pro Strong static typing, null safe and flexible, almost dynamic type system
The compiler prevents you from using a potentially null variable, unless you check it is not null. Ie. it forces you to check a potentially null value before using it.
The type system is strict, but flexible, allowing union and intersection of types, covariant and contravariant types, reified types, etc.
Type inference and union types allows a dynamic programming style, close of JS spirit.
Pro Designed from the start to generate JavaScript
It brings type safety to JS, allowing to define interfaces to existing JS APIs, yet using the dynamic
keyword for flexible calls in the JS ecosystem.
Pro Excellent IDE support
Ceylon has reified generics, so it doesn't loose the type of collections at runtime. This makes autocompletion, debugging, etc. first-class. The Eclipse plugin makes it a full-fledged Ceylon IDE, and an IntelliJ IDEA plugin is in the works.
Pro Great tutorial
Gavin King, main author of the language, has a great, clear technical writing style, making understandable difficult concepts like variance or sound type system.
Pro Excellent documentation
The language specification is very complete and up to date; also, the language module is very well documented.
Pro Javascript interoperability
Ceylon has special language-level support for interoperation with dynamically typed languages like JavaScript, and its module system even interoperates with npm.
Pro Easy to learn even if you don't have prior programming experience
Ceylon is indeed fairly easy and readable. Of course those ones who know OOP and a bit of functional programming concepts will feel almost at home right from the start.
Pro Generate HTML
HTML generation is supported right in the SDK.
Pro Same code in backend and frontend
If you don't use platform-specific features, you can reuse the same code in your backend server (be it in Java or JavaScript) and in your client-side browser code, for example for storing data, validating input etc.
Cons
Con Lack of typeclasses
Elm doesn't have typeclasses which means some code needs to be duplicated. A fix in a function that needs typeclasses means all of the duplicates need to be fixed too.
Con limited js interop
only one way ports are available as a crude js FFI. This means you can only call functions both directions but will not get a result.
Con Harder to get buy-in from devs and mgmt
It's a total divergence from what most people are used to in the JS ecosystem. The change in syntax can be scary, the change in approaching problems can be scary. The fact that it's not backed by FANG can be scary. The fact that it's not v1.0 can be scary. The governance model and the deliberately slow release cadence can be scary. There are a couple harsh medium articles, hackernews/reddit posts out there made by people with an ax to grind that can be scary if you don't have a better picture of the Elm community, the tradeoffs that have been made, or the benefits to be had over other options. None of these are good reasons to write off further investigation of a great tech, but it happens.
Con Code Repetition
Because of the lack of genericness Elm needs a lot of code to be repeated. There are 130+ implementations of map in elms core libraries.
Con Features get removed without warning
Often features that are deemed to be misused by the community like infix operators get removed without much of a warning.
Con Community harsh if criticised
If one even dares to start a discussion about a feature on elms slack, discord, subreddit or github one will be aggressively shut down often argueing that one should use purescript instead
Con Poor Windows support
Few if any of Elm's core contributors are Windows users and breaking bugs are sometimes left for weeks or months.
Con Good for beginners not good for experts
Development in elm is quite nice until you need some more advanced features. These however are actively discontinued and removed because elm wants to establish a "single way of doing things" philosophy
Con Updates break existing code often
The last few updates of elm broke existing code in major ways.
Con Adds an additional layer of abstraction
Some users claim that Elm adds an additional layer of abstraction, meaning that it is one more hurdle between the brain and the product.
Con Functional programming itself has quite a steep learning curve
Functional programming can be quite difficult to get your head around. It takes time to unlearn object orientational habits.
Con No Genericness in the future
Currently there is no code genericness like typeclasses possible, it has been officially stated that this will never change.
Con Not database-friendly
It is lots of work to make a server or database your "one source of truth", as Elm makes you write endless JSON parse boilerplate to talk to the server.
Con No Syntactic Sugar
Often you need to write longer and less readable code because there are no alternatives that are more concise.
Con Lack of physical or electronic books
We should hope Red Hat or anyone interested would take the time and write one. That would strengthen the maturity of the language, but Ceylon is rapidly developing which can make the author's efforts futile because his or hers work will become obsolete soon.
The second hindrance is, of course, popularity of the language which can't give much to the pockets of the author (however, Dart's unpopularity at start didn't prevent it to have a lot of printed material, but that's Google's child, we know).
Con Currently has large runtime
Ceylon 1.2 needs a language runtime of 1.55 MiB, and the Collection library adds another 370 KiB. That's a lot for the Web...
Now, this has to be put in perspective: if you use Ceylon to make a web application, these files will be loaded once, then cached by the browser (that's not casual browsing).
Moreover, most servers compress such resource, and the numbers become respectively 234 KiB and 54 KiB, which is more reasonable...
