It is not "impossible" for Liverpool to win the title, there is a 15 point difference and it's not something that can't be covered but lets be honest and just realize that it won't happen. We have seen Liverpool trail City with just 1-2 points and still lose because City refused to lose points, hence they kept winning and Liverpool ended up with points that would have been champions in most years, became second in those years because of Cities record breaking point championships.
All in all I think City will get it again, even though Arsenal is at the top, I still would bet on City to get it because they are a much more consistent team when it comes to winning games in premier league.
Overall City can get the tittle again I agree with you. City still be EPL title favourites, the previous season City could win the title with a good record one point from Liverpool, the slight difference is like dejavu 2018-2019 in 2021-2022 we can see the same club sitting in the same position from top six to top one. I don't doubt City in the Premier League, they are still the biggest threat to a club in the top four.
Any top-five team can win the English Premier League title but it all depends on their performance. Currently, Arsenal has been outstanding, winning some important games and the team has shown much quality and character. But we must not also forget that Arsenal sometimes acts inconsistently. It is not strange to see the team start losing points drastically, but we expect that they would keep staying on top till the end of the season. City and Liverpool are teams that have always portrayed a never-give-up spirit. They have the character of coming from behind and fighting to clinch the title. Nobody ever imagined that Liverpool would be a title contender last season after their poor run at the beginning of the season. We shouldn't also forget Newcastle United because this team has the right players, coach, and money-spending owners.