Compared to the previous season, Liverpool's performance in this season is good and more organized. Liverpool's performance has been stabilized with the help of Arne Slott. Liverpool have made no major changes within their squad. Arne Slot has kept his squad unchanged. Because Liverpool's squad is already strong enough. Arne Slot boosted the confidence of Liverpool's players. And Arne Slot changed the match strategy. This is why Liverpool's overall performance has been stable this season.
Manchester City are naturally favorites for the Premier League title. Because Manchester City has dominated the Premier League in the last few seasons. Therefore, Manchester City is the most favorite to become the champions of the Premier League this season. However, this season seems to be more competitive than the previous seasons. Arsenal and Liverpool teams are in strong positions. The Premier League will become more crowded in the fight of these three teams this season.
I agree with you, Manchester city are the favorite to win the EPL title due to their form, and unchanged squad from the previous season however, I have a doubt if they will be able to rewrite history again and set a more difficult record to be broken. I.e due to the competitiveness of this season, I doubt if they'll be able to win the EPL title ones again. Arsenal and Liverpool has been on a good form, we also have Brighton on top form this season, i hope they keep up with this form, to make the league more competitive. The record broken by Manchester City, only makes it obvious that they have no worthy competitors during the last 4 seasons. The more competitive it gets, the more interesting the league becomes. But currently Premier League is considered by many as farmers league.