Arsenal's current form means they could be in a good position by the end of the season but they have no hope of winning the title. It is true that Arsenal cannot maintain their consistency and performance since the beginning of the season, if they could then they would definitely be favourites for the title. They have faced the same situation in the last two seasons and I can see them facing the same situation this season too. Although Arsenal have a good lead to stay in a good position in the points table but they have been unable to maintain their dominance till the end.
Arsenal's current form means they could be in a good position at the end of the season but they won't win the title, you can't say it for sure. Because it is impossible for anyone to say for sure when a team will win a match. Also what you said about the Arsenal team is that this team has been in a good position for the last two seasons but they have not won the title. You might be partially wrong as Arsenal have performed extremely well in the 2022/23 Premier League season which has seen them finish second in the Premier League standings. But they did not perform very well in the 20/21 Premier League season as a result of which they were at number 8 in the points table.
Arsenal's players have been consistent in their performances in the 2022/23 Premier League season, so maybe they will continue their performances this season as well. The Arsenal team in the Premier League is still in a good position in the 24-25 season.
I am pretty sure Arsenal will not win the title this season. There is no doubt that Liverpool is playing great. Chelsea and Brighton are also performing better than Arsenal. On the other hand, even if Manchester City loses points in a few matches, they will definitely compete for the title. It will not be possible for Arsenal to leave so many teams behind and occupy the top spot of the table this season.
Last season, Arsenal lost a total of 10 points out of 38 matches. Arsenal lost 5 matches and drew 5 matches. This season, Arsenal lost points in 6 matches out of 11 matches. Arsenal drew 4 matches and lost 2 matches. If Arsenal wants to occupy the top spot of the table, they will have to win at least 24 matches out of the next 27 matches. Otherwise, Arsenal will not be able to occupy the top spot of the table.
However, I don't think Arsenal will be able to compete for the title this season. The performance of this team is quite weak. Arsenal will probably lose points in the next few matches. Even staying in the top four of the table will be difficult for Arsenal this season.