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We investigate the origin of the elliptical ring structure observed in the images of the supermassive black hole M87^*, aiming to disentangle contributions from gravitational, astrophysical, and imaging effects. Leveraging the enhanced capabilities of the Event Horizon Telescope (EHT)'s 2018 array, including improved (u,v)-coverage from the Greenland Telescope, we measured the ring's ellipticity using five independent imaging methods, obtaining a consistent average value ofτ = 0.08_−0.02^+0.03with a position angle ofξ = 50.1_−7.6^+6.2 degrees. To interpret this measurement, we compared it to general relativistic magnetohydrodynamic (GRMHD) simulations spanning a wide range of physical parameters including the thermal or nonthermal electron distribution function, spins, and ion-to-electron temperature ratios in both low- and high-density regions. We find no statistically significant correlation between spin and ellipticity in GRMHD images. Instead, we identify a correlation between ellipticity and the fraction of non-ring emission, particularly in nonthermal models and models with higher jet emission. These results indicate that the ellipticity measured from the M87^*emission structure is consistent with that expected from simulations of turbulent accretion flows around black holes, where it is dominated by astrophysical effects rather than gravitational ones. Future high-resolution imaging, including space very long baseline interferometry and long-term monitoring, will be essential to isolate gravitational signatures from astrophysical effects. 

The Event Horizon Telescope (EHT) observation of M87^∗in 2018 has revealed a ring with a diameter that is consistent with the 2017 observation. The brightest part of the ring is shifted to the southwest from the southeast. In this paper, we provide theoretical interpretations for the multi-epoch EHT observations for M87^∗by comparing a new general relativistic magnetohydrodynamics model image library with the EHT observations for M87^∗in both 2017 and 2018. The model images include aligned and tilted accretion with parameterized thermal and nonthermal synchrotron emission properties. The 2018 observation again shows that the spin vector of the M87^∗supermassive black hole is pointed away from Earth. A shift of the brightest part of the ring during the multi-epoch observations can naturally be explained by the turbulent nature of black hole accretion, which is supported by the fact that the more turbulent retrograde models can explain the multi-epoch observations better than the prograde models. The EHT data are inconsistent with the tilted models in our model image library. Assuming that the black hole spin axis and its large-scale jet direction are roughly aligned, we expect the brightest part of the ring to be most commonly observed 90 deg clockwise from the forward jet. This prediction can be statistically tested through future observations.