diff --git a/charts/ingress-nginx/README.md b/charts/ingress-nginx/README.md
index 6725bb2bba..6da71a144f 100644
--- a/charts/ingress-nginx/README.md
+++ b/charts/ingress-nginx/README.md
@@ -395,7 +395,7 @@ Kubernetes: `>=1.20.0-0`
 | controller.nodeSelector | object | `{"kubernetes.io/os":"linux"}` | Node labels for controller pod assignment # Ref: https://kubernetes.io/docs/user-guide/node-selection/ # |
 | controller.opentelemetry.containerSecurityContext.allowPrivilegeEscalation | bool | `false` |  |
 | controller.opentelemetry.enabled | bool | `false` |  |
-| controller.opentelemetry.image | string | `"registry.k8s.io/ingress-nginx/opentelemetry:v20230107-helm-chart-4.4.2-2-g96b3d2165@sha256:331b9bebd6acfcd2d3048abbdd86555f5be76b7e3d0b5af4300b04235c6056c9"` |  |
+| controller.opentelemetry.image | string | `"registry.k8s.io/ingress-nginx/opentelemetry:v20230312-helm-chart-4.5.2-28-g66a760794@sha256:40f766ac4a9832f36f217bb0e98d44c8d38faeccbfe861fbc1a76af7e9ab257f"` |  |
 | controller.podAnnotations | object | `{}` | Annotations to be added to controller pods # |
 | controller.podLabels | object | `{}` | Labels to add to the pod container metadata |
 | controller.podSecurityContext | object | `{}` | Security Context policies for controller pods |
diff --git a/charts/ingress-nginx/values.yaml b/charts/ingress-nginx/values.yaml
index f6064911a5..f043c17cbe 100644
--- a/charts/ingress-nginx/values.yaml
+++ b/charts/ingress-nginx/values.yaml
@@ -536,7 +536,7 @@ controller:
 
     opentelemetry:
         enabled: false
-        image: registry.k8s.io/ingress-nginx/opentelemetry:v20230107-helm-chart-4.4.2-2-g96b3d2165@sha256:331b9bebd6acfcd2d3048abbdd86555f5be76b7e3d0b5af4300b04235c6056c9
+        image: registry.k8s.io/ingress-nginx/opentelemetry:v20230312-helm-chart-4.5.2-28-g66a760794@sha256:40f766ac4a9832f36f217bb0e98d44c8d38faeccbfe861fbc1a76af7e9ab257f
         containerSecurityContext:
             allowPrivilegeEscalation: false
     admissionWebhooks: