Mikrotik CCR1016-12g stuck at Starting services

Hi,
I got a new Mikrotik router CCR1016-12g as i was working on it yesterday and today im unable to acess that with winbox.
after i spent couple of hours on it i just access via serial port and now im just stuck on this.
Kindly help im new on this thank you.
Find the output bellow via serial port stucked on Starting services....

[SERIAL/DIRECT] CONNECTED TO PORT COM5 (115200-8N1)



RouterBOOT backup booter 6.43.10

CCR1016-12G

CPU frequency: 1200 MHz
  Memory size: 2048 MiB
    NAND size: 512 MiB

Press any key within 2 seconds to enter setup
Ethernet link absent...
trying bootp protocol........................................................................................................................................................................................................... failed
kernel loading failed
..

loading kernel... OK
setting up elf image... OK
jumping to kernel code
Starting...
Starting services...