The invention discloses a high-resistance electrothermal alloy material, which comprises the following components in percentage by weight: 0.02 to 0.08 percent of C, 0.75 to 1.6 percent of Si, 0.1 to 0.5 percent of Mn, less than or equal to 0.02 percent of P, less than or equal to 0.015 percent of S, 20 to 23 percent of Cr, 0.1 to 0.5 percent of Al, 0.2 to 0.8 percent of Y, 0.2 to 1.0 percent of Fe, and the balance of Ni and inevitable impurities. The preparation method for the high-resistance electrothermal alloy material comprises the following steps of: smelting; forging; coiling; annealing; rinsing; mold drawing, and the like. Compared with Cr20Ni80, the high-resistance electrothermal alloy material has higher antioxidation performance, and is an electrothermal alloy material with small thermal expansion coefficient, high high-temperature strength and processability, long service life and high resistivity.