Greetings,
I have the exact same issue with blue led out however system is working (cameras recording). If I reset Homebase 2 then I get solid red led, then flashing red led, and finally system comes up with no blue led. Also I used to have voice prompts saying that system switched to Wi-Fi then back to Ethernet during the reset but those are now gone as well. I contacted Eufy but out of warranty-no dice. In fairness they did offer a 15% discount on any Eufy purchase up to $100.00. Then I surfed over to www.newegg.com and snagged a new Homebase 2 for special sale discount of $55.99. Sale only lasts another 12 hours so if you want to take advantage of it get on over to www.newegg.com.