The invention discloses a treatment method of ethylene tar. The method consists of: fractionating ethylene tar into light fraction and heavy fraction, mixing the heavy fraction with a conventional coking raw material, conducting delayed coking to obtain coker gasoline, coker diesel oil and coker gas oil, mixing the coker diesel oil with the ethylene tar light fraction, performing rectification / crystallization purification to obtain naphthalene, mixing the naphthalene removed oil, naphthalene after-cut oil, with the coker gasoline and the coker gas oil, taking the obtained mixture as a hydrotreating raw material, leaving the material to undergo a hydrofining reaction, separating gasoline fraction I, subjecting the obtained fraction heavier than gasoline to hydrocracking so as to obtain gasoline fraction II and a diesel oil product, and mixing the gasoline fraction II with the gasoline fraction I so as to obtain a final gasoline product. Directed at the characteristics of high content of aromatic hydrocarbon, colloid, carbon residue and asphaltene in ethylene tar, the method provided in the invention fractionates the ethylene tar into light fraction and heavy fraction, and adopts different processing processes, thus increasing the added value of ethylene tar. While generating the chemical raw material naphthalene, the method also improves the product quality of light fuel oil, and also enables the equipment to run smoothly for a long period.