The Citizens made a positive start to the first half and were deservedly in front on the 23-minute mark when John Stones finished a clever corner routine by Kevin De Bruyne.
However, City shot themselves in the foot just 84 seconds after the restart when Ederson sent Darwin Nunez flying with a rash challenge inside the penalty area following a poor backpass from Nathan Ake; Alexis Mac Allister coolly dispatched the resulting spot kick after a slight delay.
After restoring parity, Liverpool turned the screw in front of a fired-up Anfield crowd and had numerous opportunities to complete the turnaround, with Luis Diaz in particular missing a couple of glorious chances when played through on goal.
Man City had chances of their own in the closing stages — Liverpool goalkeeper Caoimhin Kelleher punched a cross from Ake onto Phil Foden, with the rebound smacking the crossbar, before substitute Jeremy Doku hit the inside of the post on the 89-minute mark, but the absorbing contest ended with the spoils being shared at Anfield.
The draw extends Man City's unbeaten run in all competitions to 21 matches, while they remain third in the Premier League table, just one point behind both Liverpool and Arsenal, the latter now leading the way at the summit on goal difference following their 2-1 win over Brentford on Saturday.
Reflecting on his side's performance against Jurgen Klopp's men and the finely-poised title race, Guardiola told reporters: «It is a game that defined where both clubs have been for many years. This is our opponent and not one time
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