I think both Arsenal and Manchester City have a greater chance of winning the EPL title and conversely Liverpool might be disturbed by the schedule of other competitions. But if Liverpool are eliminated from the European league, we will see the three teams in the title race fighting tooth and nail to get the EPL trophy at the end of the season. Of course, that also depends on whether each team's mentality has improved or not, considering that the defeat they received was quite painful and I think they have to immediately get up despite their failures.
But even so, I see that Man City will probably remain at the top of the standings until the end. Because Man City, which has failed in the UCL, will definitely not want to give up the opportunity to win a trophy in the Premier League. But Liverpool and Arsenal also have the same opportunities. The only problem is that Arsenal and Liverpool have to hope that Man City will lose points in several matches. Without that Arsenal and Liverpool will not be able to overtake Man City.