If you raise 3 point, close valve and it leaks down then piston seals need attention.
This is exactly how to test it.
If it leaks down with the valve turned off, the valve is leaking. With 3000 hours, it's likely that the piston seals are leaking.
Here's how it works. Hydraulic fluid is sent to the 3 point hitch valve-called a position control valve. It is constant flow. No pressure is made UNTIL you grab the lever to lift your implement. Once the lever is pulled, it moves a spool inside the position control valve which blocks the passage that normally allows oil to just bypass back to the sump. In turn, the oil is now directed to the lift cylinder. It is then and only then that pressure is built in the system. This is the basics of how it works, there's more to it but that's the nuts and bolts of it. If the cylinder piston seal is leaking, it will leak down. As it's leaking, it will get to a point where the other side of the same position control valve plunger will be moved to the "lift" position, causing it to apply pressure to the lift cylinder again. This cycle will repeat over and over, causing the 3 point hitch to "hunt" and/or drop.