We were working on another editor UI, which will allow us to show different toolbars, depending on context. For example, if the selected element is image, we would show specially created toolbar. If the selection is text - another one. They will not appear on top, but they will adjust their position according to the selection.

This editor exists here:
https://github.com/liferay/alloy-editor

Now, wit this task we will create a new editor type in Portal in order to integrate AlloyEditor there.