• A whale transferred $33 million worth of Ethereum to Binance in a single transaction, causing the price to drop 2.53% from $1,807 to $1,761.
• The transfer raised doubts about a possible sale happening, which could further drive down the asset's price.
• The current bullish narrative for ETH would only be invalidated once the price crosses below the $1,636 level.
• The Ethereum price could drop to the $1,500 psychological level before buyers can attempt a recovery, constituting a 15% downswing from current levels.
• The Ethereum price could resume its uptrend if Bitcoin remains bullish above $27,000 and ETH bulls hold forte by increasing their buying pressure.

The article presents a mixed sentiment, with negative news about the whale transfer causing a drop in Ethereum price, but also positive news about the upcoming Shanghai update and the potential for the price to resume its uptrend.