First basic detail to provide, what software are you using?
When you power on the unit normally, what is the state of LED D2 and D3 (two left most LEDs on the front) after about a minute? These are the idle mode and ip assignment LEDs as seen here:
At what rate is the idle mode (D2) LED blinking? 2Hz or 1Hz? Twice as fast as the ip assignment LED or the same speed?
When you power on in factory recovery mode, do you short TRS on Key/PTT before applying power to the HL2 and until about 10 seconds after applying power? (I ask because I have had perfectly good units shipped to me for repair just to discover factory recovery mode wasn't done properly.)
Again, report the same details for the LEDs as requested in normal boot but when booting in recovery mode?
What is the state of the 2 LEDs on the ethernet jack? Have you tried different ethernet cables and made sure they are plugged firmly into the HL2?
Have you modified your HL2 in any way, for example to install the AK4951 companion card?
Since you state you have tried WireShark, please post the WireShark capture (.pcap file from save) for 30 seconds before and to 3 minutes after booting in factory recovery mode.
73,
Steve
kf7o