Press Two Buttons. The iPod Touch 4th Generation has a Home button on the front of the device and a Sleep/Wake button on the side. Press both at the same time and hold them until the Apple logo appears, which generally takes about 10 seconds.Release the buttons once the Apple logo appears on the screen.he Process. Go to the iPod's settings menu and select General.. Then, select Reset.. Tap Erase all Content and Settings. Wait for the iPod to erase all of the content and restore to its factory settings. The iPod Touch 4th Generation uses hardware encryption.