aurelijusb
Occasional Visitor
First, when you restored your settings, did you do it manually or via a saved settings file? If you used a saved settings file, I'd recommend trying going back to default settings again and re-entering your settings manually.
Secondly, for 2.4GHz. settings, I would use 20MHz. channel width, and use a wireless app like inSSIDer to find the clearest channel, and set the channel to that. In other words, avoid using "Auto" for the channel, and any channel width choice on 2.4GHz. that has 40MHz. in it (20/40 or 40).
I erased all settings to default (using reset) and then re-entered it manually. And as I said after that router still rebooting. There was no issues with older Merlin firmware, not remember what version was before...