How can I reset it?
Several possibilities:
If the FRITZ!Box user interface cannot be opened, this can have
various causes. Work through the following steps in sequence until the
error has been resolved.
Enter http://fritz.box
in the web browser.
...
The FRITZ!Box has an “emergency IP address” (169.254.1.1) at which it
can always be reached. You can use this IP ad-dress as follows:
Connect your computer to the “LAN 2” port of the FRITZ!Box using a LAN cable.
If your computer is already connected with the FRITZ!Box over wireless LAN, clear the wireless connection.
Make sure that the computer obtains its IP address automatically (see page 96).
Clear all other connections between your FRITZ!Box and other network devices.
In the web browser, enter the address 169.254.1.1
.
When the FRITZ!Box user interface is displayed, enable the DHCP server of the FRITZ!Box:
In the user interface, select “Home Network / Network / Network
Settings”. Click the “IPv4 Addresses”button, enable the option “Enable
DHCP server” and click “OK”
...
Loading Factory Settings
In the FRITZ!Box user interface, select the “System / Re-set” menu.
Select the “Factory Settings” tab.
Click the “Load Factory Settings” button.
The FRITZ!Box is reset to its factory settings. All settings made
during operation will be overwritten.
Source: Fritzbox 3272 Manual (pdf)