This will not be the end of the race, look at the position before the last round: Arsenal were third 
but after Liverpool and City drew, it ended up first. By the way, it turns out that in the 27th round it was not in vain that Arsenal tried to score as many goals as possible against Sheffield (they managed to score 6) since now, due to the better goal difference, they are ahead of Liverpool with an equal number of points.
If Arsenal really has the ambition to lead the EPL until the end of the season, I think the best choice is to do what Liverpool did by holding the match against Man City to a draw. but after Liverpool and City drew, it ended up first. By the way, it turns out that in the 27th round it was not in vain that Arsenal tried to score as many goals as possible against Sheffield (they managed to score 6) since now, due to the better goal difference, they are ahead of Liverpool with an equal number of points.however, I have the same thought that in terms of depth quality, Man City performance is much better than Arsenal, while Man City will be the host, Guardiola team will definitely be more aggressive.
this is all just early speculation that we are doing because I am just a little worried about favoring a team too much but in the end players are injured which will prevent the team from being worse because the match schedule is still a little long away.
I just want to see Liverpool try to get the EPL title this season even though many people want Arsenal to be at the top of the standings but Salah will soon be back to destroy any team.
The ideal option for Arsenal is, of course, to win, but a draw is more realistic. Yes, they will let Liverpool ahead, but they will leave City behind. It is much easier to try to overtake one team than two (in case of a defeat to City).
I will be happy if any team other than City takes the title, but the most logical and “fair” option is Arsenal champion, and Liverpool wins the Europa League (the only tournament that Klopp has not been able to win with Liverpool so far).