Our earlier studies focused on the fiber formation behavior upon continuous drawing of as-spun amorphous poly(ethylene terephthalate) (PET) fibers through an ethanol bath at room temperature. Formation of multiple-neck, and infusion of ethanol into filament along with dye were confirmed. Intermittent initiation of a group of necks and fluctuation of drawing tension were effectively suppressed with introduce of the snubber pin, and also efficiency of infusion was remarkably increased. Furthermore, it succeeded in producing an ethanol-drawn fiber having a tensile strength comparable to that of a fiber produced by a conventional drawing method. Based on previous studies, stable continuous ethanol-drawing technique has been prepared, and in order for this unique technique to be applied to the industrial application, the produced fibers must have fine mechanical properties. As spun amorphous PET filaments were prepared by the melt spinning process at the take-up velocity of 400 m/min for drawing process. In order to improve the mechanical properties of the fiber produced by the continuous drawing process using ethanol, in this study, drawn fibers were produced under various drawing conditions including multi-stage drawing. It was confirmed that the fiber prepared through the two-stage drawing and the annealing process had a tensile strength of up to 1.2 GPa. Development of highly oriented crystalline structure caused by the ethanol induced crystallization was revealed from the appearance of crystalline reflections in 2D-WAXD. Even when continuous drawing was performed using an ethanol solution containing a dye, there was no decrease in the tensile strength. Also, it was confirmed that the dye was infused into the innermost portion of the fiber and the entire fiber cross section was uniformly dyed.