diff --git a/esphome/components/ethernet/__init__.py b/esphome/components/ethernet/__init__.py
index 1c6acda724..475d60df53 100644
--- a/esphome/components/ethernet/__init__.py
+++ b/esphome/components/ethernet/__init__.py
@@ -59,6 +59,7 @@ ETHERNET_TYPES = {
     "KSZ8081": EthernetType.ETHERNET_TYPE_KSZ8081,
     "KSZ8081RNA": EthernetType.ETHERNET_TYPE_KSZ8081RNA,
     "W5500": EthernetType.ETHERNET_TYPE_W5500,
+    "OPENETH": EthernetType.ETHERNET_TYPE_OPENETH,
 }
 
 SPI_ETHERNET_TYPES = ["W5500"]
@@ -171,6 +172,7 @@ CONFIG_SCHEMA = cv.All(
             "KSZ8081": RMII_SCHEMA,
             "KSZ8081RNA": RMII_SCHEMA,
             "W5500": SPI_SCHEMA,
+            "OPENETH": BASE_SCHEMA,
         },
         upper=True,
     ),
@@ -240,6 +242,9 @@ async def to_code(config):
         if CORE.using_esp_idf:
             add_idf_sdkconfig_option("CONFIG_ETH_USE_SPI_ETHERNET", True)
             add_idf_sdkconfig_option("CONFIG_ETH_SPI_ETHERNET_W5500", True)
+    elif config[CONF_TYPE] == "OPENETH":
+        cg.add_define("USE_ETHERNET_OPENETH")
+        add_idf_sdkconfig_option("CONFIG_ETH_USE_OPENETH", True)
     else:
         cg.add(var.set_phy_addr(config[CONF_PHY_ADDR]))
         cg.add(var.set_mdc_pin(config[CONF_MDC_PIN]))
diff --git a/esphome/components/ethernet/ethernet_component.cpp b/esphome/components/ethernet/ethernet_component.cpp
index fdb6eb2da0..00c7ae4ab8 100644
--- a/esphome/components/ethernet/ethernet_component.cpp
+++ b/esphome/components/ethernet/ethernet_component.cpp
@@ -120,6 +120,8 @@ void EthernetComponent::setup() {
   phy_config.reset_gpio_num = this->reset_pin_;
 
   esp_eth_mac_t *mac = esp_eth_mac_new_w5500(&w5500_config, &mac_config);
+#elif defined(USE_ETHERNET_OPENETH)
+  esp_eth_mac_t *mac = esp_eth_mac_new_openeth(&mac_config);
 #else
   phy_config.phy_addr = this->phy_addr_;
   phy_config.reset_gpio_num = this->power_pin_;
@@ -143,6 +145,13 @@ void EthernetComponent::setup() {
 #endif
 
   switch (this->type_) {
+#ifdef USE_ETHERNET_OPENETH
+    case ETHERNET_TYPE_OPENETH: {
+      phy_config.autonego_timeout_ms = 1000;
+      this->phy_ = esp_eth_phy_new_dp83848(&phy_config);
+      break;
+    }
+#endif
 #if CONFIG_ETH_USE_ESP32_EMAC
     case ETHERNET_TYPE_LAN8720: {
       this->phy_ = esp_eth_phy_new_lan87xx(&phy_config);
@@ -302,6 +311,10 @@ void EthernetComponent::dump_config() {
       eth_type = "W5500";
       break;
 
+    case ETHERNET_TYPE_OPENETH:
+      eth_type = "OPENETH";
+      break;
+
     default:
       eth_type = "Unknown";
       break;
diff --git a/esphome/components/ethernet/ethernet_component.h b/esphome/components/ethernet/ethernet_component.h
index f0fe6cab87..5ee430c046 100644
--- a/esphome/components/ethernet/ethernet_component.h
+++ b/esphome/components/ethernet/ethernet_component.h
@@ -25,6 +25,7 @@ enum EthernetType {
   ETHERNET_TYPE_KSZ8081,
   ETHERNET_TYPE_KSZ8081RNA,
   ETHERNET_TYPE_W5500,
+  ETHERNET_TYPE_OPENETH,
 };
 
 struct ManualIP {
diff --git a/tests/components/ethernet/common-openeth.yaml b/tests/components/ethernet/common-openeth.yaml
new file mode 100644
index 0000000000..fbb7579598
--- /dev/null
+++ b/tests/components/ethernet/common-openeth.yaml
@@ -0,0 +1,2 @@
+ethernet:
+  type: OPENETH
diff --git a/tests/components/ethernet/test-openeth.esp32-idf.yaml b/tests/components/ethernet/test-openeth.esp32-idf.yaml
new file mode 100644
index 0000000000..220316f3ee
--- /dev/null
+++ b/tests/components/ethernet/test-openeth.esp32-idf.yaml
@@ -0,0 +1 @@
+<<: !include common-openeth.yaml