diff --git a/README.md b/README.md
index be1bedc60..fdc906b02 100644
--- a/README.md
+++ b/README.md
@@ -132,7 +132,7 @@ Note: Upstart/SysV init based OS types are not supported.
 
 - Core
   - [kubernetes](https://github.com/kubernetes/kubernetes) v1.23.1
-  - [etcd](https://github.com/coreos/etcd) v3.5.0
+  - [etcd](https://github.com/etcd-io/etcd) v3.5.1
   - [docker](https://www.docker.com/) v20.10 (see note)
   - [containerd](https://containerd.io/) v1.5.8
   - [cri-o](http://cri-o.io/) v1.22 (experimental: see [CRI-O Note](docs/cri-o.md). Only on fedora, ubuntu and centos based OS)
diff --git a/roles/download/defaults/main.yml b/roles/download/defaults/main.yml
index 564cbfae4..927e0c076 100644
--- a/roles/download/defaults/main.yml
+++ b/roles/download/defaults/main.yml
@@ -53,7 +53,6 @@ nerdctl_extra_flags: '{%- if containerd_insecure_registries is defined and conta
 
 # Versions
 kubeadm_version: "{{ kube_version }}"
-etcd_version: v3.5.0
 crun_version: 1.4
 runc_version: v1.0.3
 kata_containers_version: 2.2.3
@@ -101,6 +100,13 @@ krew_version: "v0.4.2"
 
 # Get kubernetes major version (i.e. 1.17.4 => 1.17)
 kube_major_version: "{{ kube_version | regex_replace('^v([0-9])+\\.([0-9]+)\\.[0-9]+', 'v\\1.\\2') }}"
+
+etcd_supported_versions:
+  v1.23: "v3.5.1"
+  v1.22: "v3.5.0"
+  v1.21: "v3.5.0"
+etcd_version: "{{ etcd_supported_versions[kube_major_version] }}"
+
 crictl_supported_versions:
   v1.23: "v1.22.0"
   v1.22: "v1.22.0"
@@ -111,7 +117,7 @@ crictl_version: "{{ crictl_supported_versions[kube_major_version] }}"
 kubelet_download_url: "https://storage.googleapis.com/kubernetes-release/release/{{ kube_version }}/bin/linux/{{ image_arch }}/kubelet"
 kubectl_download_url: "https://storage.googleapis.com/kubernetes-release/release/{{ kube_version }}/bin/linux/{{ image_arch }}/kubectl"
 kubeadm_download_url: "https://storage.googleapis.com/kubernetes-release/release/{{ kubeadm_version }}/bin/linux/{{ image_arch }}/kubeadm"
-etcd_download_url: "https://github.com/coreos/etcd/releases/download/{{ etcd_version }}/etcd-{{ etcd_version }}-linux-{{ image_arch }}.tar.gz"
+etcd_download_url: "https://github.com/etcd-io/etcd/releases/download/{{ etcd_version }}/etcd-{{ etcd_version }}-linux-{{ image_arch }}.tar.gz"
 flannel_cni_download_url: "https://github.com/flannel-io/cni-plugin/releases/download/{{ flannel_cni_version }}/flannel-{{ image_arch }}"
 cni_download_url: "https://github.com/containernetworking/plugins/releases/download/{{ cni_version }}/cni-plugins-linux-{{ image_arch }}-{{ cni_version }}.tgz"
 calicoctl_download_url: "https://github.com/projectcalico/calicoctl/releases/download/{{ calico_ctl_version }}/calicoctl-linux-{{ image_arch }}"
@@ -310,9 +316,15 @@ kubeadm_checksums:
 etcd_binary_checksums:
   # Etcd does not have arm32 builds at the moment, having some dummy value is
   # required to avoid "no attribute" error
-  arm: 0
-  arm64: 444e10e6880595d75aaf55762901c722049b29d56fef50b2f23464bb7f9db74d
-  amd64: 864baa0437f8368e0713d44b83afe21dce1fb4ee7dae4ca0f9dd5f0df22d01c4
+  arm:
+    v3.5.0: 0
+    v3.5.1: 0
+  arm64:
+    v3.5.0: 444e10e6880595d75aaf55762901c722049b29d56fef50b2f23464bb7f9db74d
+    v3.5.1: 86203022e23d7368bac23d96095270dc6300f356ea882e435926a9effd7e5f0e
+  amd64:
+    v3.5.0: 864baa0437f8368e0713d44b83afe21dce1fb4ee7dae4ca0f9dd5f0df22d01c4
+    v3.5.1: 728a14914217ce60de2e1299fc1a2c2c5564e7ffd0d9dadf3f5073103ab619b4
 
 flannel_cni_binary_checksums:
   arm:
@@ -473,7 +485,7 @@ containerd_archive_checksums:
     1.5.7: 109fc95b86382065ea668005c376360ddcd8c4ec413e7abe220ae9f461e0e173
     1.5.8: feeda3f563edf0294e33b6c4b89bd7dbe0ee182ca61a2f9b8c3de2766bcbc99b
 
-etcd_binary_checksum: "{{ etcd_binary_checksums[image_arch] }}"
+etcd_binary_checksum: "{{ etcd_binary_checksums[image_arch][etcd_version] }}"
 flannel_cni_binary_checksum: "{{ flannel_cni_binary_checksums[image_arch][flannel_cni_version] }}"
 cni_binary_checksum: "{{ cni_binary_checksums[image_arch][cni_version] }}"
 kubelet_binary_checksum: "{{ kubelet_checksums[image_arch][kube_version] }}"