There's no denying that Mikel Arteta has built a special team at Arsenal. Just two years ago the Gunners were without European football and in the process of losing out on a place in the Champions League.
Now, Arteta's side are halfway through their first Champions League quarter-final in 15 years and two points off the top of the Premier League. And yet, among Arsenal fans at least, it feels like a low.
After coming so close to a first Premier League title at the Emirates last season, the Gunners knew they'd be fighting for that particular prize once again this season. But because of just how good Arsenal have been, the Champions League trophy has become a less outlandish target than first thought.
Convincing or not, Arsenal got past Porto on penalties in the last 16, taking them to the quarter-finals for the first time since 2009.
The atmosphere that night in N5 was superb, but it was simply ridiculous for the visit of German Champions Bayern Munich last Tuesday night.
With away fans banned for their behaviour against Lazio in Bayern's last 16 tie, Arsenal filled the entire stadium with home fans on a magical night in North London.
Whilst the result wasn't exactly what the Gunners would've hoped for, the 2 - 2 draw leaves the tie right up for grabs in Munich on Wednesday.
It was a reassuring sign however for Arteta that his side were able to put a poor first half behind them to rescue a draw; Arsenal have been so good defensively in 2024 that they hadn't trailed in the Premier League in 2024... until Sunday.
A late 2 - 0 defeat to Aston Villa at the Emirates knocked Arsenal off the top of the Premier League table, putting champions Manchester City in line for their fourth straight league title.
Of course the race isn't over yet, especially given that City have to visit their least favourite place in England in the Tottenham Hotspur Stadium.
But the Gunners did exactly the opposite of what they'd done against Bayern in the Champions League; started brilliantly but didn't score and then paid for it late in the second half.
It was a set back for Arsenal, absolutely. But make no mistake, it's still on.
The Gunners will of course be targetting a succesful finish to their Champions League campaign, hopefully starting with victory in Munich on Wednesday night.
In reality though if Arsenal were to lose narrowly to Bayern Munich, it's not exactly a disaster. Of course Arteta has instilled the mentality of trying to win every competition, but for a first season in the competition for seven years, a quarter-final elimination isn't a poor return.
It's the Premier League that really matters. With last season ending so disappointingly, Arteta will be willing his side to keep their cool and push Manchester City (and perhaps Liverpool) all the way.