It is the hydrolic control valve which operates the bucket, raise, lower, tilt etc. Lever is on the right side of the seat with valve directly under.
The bucket will not lift, there was a repair kit available in the past but is no longer available now. The valve is expensive and if it is a design flaw then replacing it with a similar one will only prolong the problem. I have done all the usual checks with fluid, dirt clean etc. Other owners are having similar issues. John Deere is not helpful at all. I have an expensive piece of scrap metal now with only 240 hrs.