> A 10% ethanol solution administered intravenously is a safe and effective antidote for severe methanol poisoning. Ethanol therapy is recommended when plasma methanol concentrations are higher than 20 mg per dl, when ingested doses are greater than 30 ml and when there is evidence of acidosis or visual abnormalities in cases of suspected methanol poisoning.

https://pmc.ncbi.nlm.nih.gov/articles/PMC1306022/

So I their words, it is an antitode, effective and recommended treatment.