The situation remains the same as before and indeed it will continue to be the case likely until the end of the season. Arsenal are still trying to maintain their performance so that they continue to maintain their hopes of being able to stand as champions this season, it's just that with the conditions that occur now, especially the dominance carried out by Manchester City towards the end of this season and Arsenal's schedule which is still quite difficult because their opponents are not easy, this makes Arsenal inevitably have to remain consistent until the end of the season and hope Manchester City experience performance problems in easy matches because looking at the current schedule Manchester City has an easier schedule than Arsenal.
There are still 3 matches left for Arsenal and 4 matches for Manchester City so by looking at this, one defeat is already a sign of the club giving up at the end of the season.
Just like you rightly stated, the situation of the top two teams in the English Premier League is same as it were coming into the last the weekend as league leaders Arsenal were able to hold to secure a win against Tottenham Hotspur while Manchester City on the other side were also able to win against Nottingham Forest. Arsenal wants to break their 20-year jinx of not winning the English Premier League title while the reigning champions of England Manchester City wants to win the league title for the fourth consecutive time so I expect Mikel Arteta's men to be more determined to win the title ahead of others.
The interesting end to the English Premier League campaign would've been more dramatic and nervous if Liverpool were still very much in the race but even in their poor end to the season, English Premier League fans I think will still be thrilled with what Manchester City and Arsenal will give them
The problem is Manchester City still has 1 match left for them and this is what becomes difficult if you look at the schedule in the next 3 matches for Arsenal they have to face Manchester United in the rest of their matches at the end of this season, in contrast to Manchester City who will indeed face a slightly easier opponent and there is only Tottenham in the last match.
Arsenal's current hope is that they wipe out all matches with 3 points and hope that in the last match Manchester City do not get full points against Tottenham because just 1 draw for Manchester City will make Arsenal benefit because they have better goal productivity but that can only happen if they manage to get a full win including against Manchester United.
This is becoming quite interesting for now because after all with the situation that is happening now then indeed any possibility can still happen even though Manchester City are still favored.