Let $E$ be an elliptic curve defined over $\mathbf{Q}$, fix an odd prime $p>3$, let $T_p$ denote the $p$-adic Tate module of $E$, and let $V_p = T_p \otimes \mathbf{Q}_p$.
If the action of $G_\mathbf{Q}$ is unramified at $\ell$, it is known that the characteristic polynomial of Frobenius, $\mathrm{Frob}_\ell$, is
$x^2 - a_\ell(E)x + \ell$.
Now let $\ell$ be a ramified prime for this representation, and let $(V_p)_{I_\ell}$ be the maximal quotient of $V_p$ on which the $\ell$-inertia group $I_\ell$ acts trivially (so it is one-dimensional). Then it makes sense to ask the following question.
Is it possible to describe the eigenvalue of Frob$_\ell$ on $(V_p)_{I_\ell}$ in terms of explicit data from the elliptic curve, as in the unramified case?