Concept:
Sodium reacts with ethanol by displacing the acidic hydrogen of the hydroxyl group, forming sodium ethoxide and hydrogen gas.
Step 1: Write the balanced chemical reaction.
\[
2C_2H_5OH + 2Na \rightarrow 2C_2H_5ONa + H_2
\]
Step 2: Identify the gas evolved.
From the reaction, hydrogen gas (\(H_2\)) is released.
\[
\boxed{H_2}
\]