The disclosure provides a protection switching method for an Ethernet dual-homed link, which comprises: a node on one path of a dual-homed link detects that a failure occurs in a link or node which is directly connected with the node per se; when the node which detects the failure is a non-master node, the non-master node continuously transmits N failure state protocol (SF) messages outwards through a non-failed port on the failure path; after receiving the SF messages, the master node switches traffic on the failure path to an available path. The disclosure further provides another protection switching method for an Ethernet dual-homed link and a protection switching system for an Ethernet dual-homed link. By means of the disclosure, when a failure occurs in a link or node, a fast protection switching for the Ethernet dual-homed link can be realized; moreover, when the link or node recovers from the failure, a fast backward switching for the Ethernet dual-homed link can be realized as required actually.