I don't know then I just went and reset my own just to see what it would do! I clicked on "reset your password" it asked me for my user name and email. I entered it. I checked my email I had an email with a link I clicked the link, it sent me to etsy and told me to check my email again for the temp password. I checked my email, and it was there I went and typed the temp password and user name, it let me sign in and I changed my password back to what it was before I reset it.
Maybe try it one more time and if it doesn't work send etsy an email about the situation
[email protected] is their email address for account assistance and support!
Good luck!