diff --git a/package/ethtool/ethtool.hash b/package/ethtool/ethtool.hash
index f8ac6c623d..86c71d7380 100644
--- a/package/ethtool/ethtool.hash
+++ b/package/ethtool/ethtool.hash
@@ -1,5 +1,5 @@
 # From https://www.kernel.org/pub/software/network/ethtool/sha256sums.asc
-sha256	f3dac0dbce7066af05fbe92812cc33a042d03fb00a45bcf9959f20455efe24c4	ethtool-5.3.tar.xz
+sha256	22f81e4927d6eb6a13a259d705248a96005fce2005e15257f639f5a1c8c52b6b	ethtool-5.4.tar.xz
 # Locally calculated
 sha256	8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643	COPYING
 sha256	5d632934396f90c82dfebe3c9512648bbb6333b406113d0cd331b0e0aa2d34a1	LICENSE
diff --git a/package/ethtool/ethtool.mk b/package/ethtool/ethtool.mk
index c5f15fcea7..ce4f2d862d 100644
--- a/package/ethtool/ethtool.mk
+++ b/package/ethtool/ethtool.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-ETHTOOL_VERSION = 5.3
+ETHTOOL_VERSION = 5.4
 ETHTOOL_SOURCE = ethtool-$(ETHTOOL_VERSION).tar.xz
 ETHTOOL_SITE = $(BR2_KERNEL_MIRROR)/software/network/ethtool
 ETHTOOL_LICENSE = GPL-2.0