Sounds like rusted tank gave out:
http://waterheatertimer.org/Leaking-water-heater.html
SOURCE: My electric reliance water heater is making a constant noise
it might be hard water in the heater. the hard water flakes and when your water heater turns on it creates some movement in those hard water flakes and makes a popping and hissing noise then when it comes to temperature it should stop. the temperature and pressure relief valve shouldn't make this noise. but if you stick your finger in the pipe and it is wet then you might have problems some where else. let me know if it is
SOURCE: 50 gal. Reliance electric hot water w/bottom element problems
Willard when you say it throws the reset button,do you mean the breaker on your fuse box of your home?
If you mean that then yes it could be a bad element.The bottom element takes all the abuse on a electric hot water heater. They can short out,and need to be replaced.
SOURCE: Water Too Hot
needs new thermostat(s) If the whole tank is heating( next time it trips, before using any hot water check the lower tank thru the lower element access(breaker off) If the lower tank is hot-you need a new lower thermostat. if just the upper part of the tank is heating -you need an upper thermostat.
SOURCE: I have a reliance 606 electric water heater. This
you need to replace the thermostats. the elements are working, as your water is getting hot.
I would replace both upper and lower thermostats. be sure to set the temps the same for both.
the thermostats sit against the tank and read the tank temperature. if one is malfunctioning, they will over heat the water, causing you to get severe hot water.
also as a precaution, I would replace the temperature and pressure relief valve. if your water is getting that hot, and this has not "popped" then it is time to replace it.
SOURCE: 1992 Reliance electric water heater model 501 has
Check the breaker and top thermostat and make sure they are not tripped. Move onto replacing elements if above is not the problem.
Turn water and power off to heater and attach a water hose to bottom of heater to drain down tank. May have to open hot side on a facuet to get it to drain.
Once drained remove elements with 1 1/2" found at local hardware stores. once elements removed and new ones in place. Turn water on and get the air out of the system. Once water is flowing from the hot side from all of facuet's in house.
Once all air is out now yaou are resady to turn power onto heater.
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