Haha Arsenal are under a curse and always fail in almost all competitions, in the Champions League the chances are of course very low because Real Madrid is a specialist team that is always in the final meaning Arsenal need a miracle to beat Real Madrid. We are not saying Arsenal is a bad team but rather their competitors are stronger so they can't do much. In the Premier League Arsenal must wait for Liverpool to lose their best performance only in this way Arsenal can take over, previously they were waiting for Manchester City and it has happened now.
it is true that Arsenal seems to be under a curse because their fate is somehow always like this. and currently Liverpool is indeed the obstacle to winning the title but last season it was true that Man City was the obstacle for Arsenal to win the title. in the Champions League Arsenal did get a tough situation which of course would be difficult for Arsenal to win in that match unless a miracle happened in that match.
it seems that Arsenal is just waiting for Liverpool's performance to drop but of course it must be very difficult to see Liverpool lose a lot when competing because they are a strong team and of course they will also try to win the trophy this season and of course there is great potential for Liverpool to become champions in the EPL. so it is true that Arsenal will find it difficult to take over from Liverpool. but of course in my opinion Arsenal is still lucky because they can still be in the standings in 2nd place which is certainly different from Man City which is now in 5th place.
In football anything can happen even before kickoff of the UCL you had started to write off Arsenal because they would play Real Madrid of course on paper Madrid would have a better chance because the odd favor the team based on their experience in UCL, however I disagree with all those assumption and analysis when the two team meet in the quarterfinals it's going to be a different ball game and the outcome could go either way, I don't see anything special in the present Madrid squad they ought have been out of UCL against Atletico if not for the disallowed controversial penalty kick taken by Alvatez.