That solenoid valve is supposed to get power only when the starter is cranking, it shuts off the pump to take the drag off so the starter can turn the engine easier.
Standby pressure at the pump is supposed to be between 2,300 and 2,400 psi. Here's a link to a helpful sheet:
https://www.deere.com/en_US/docs/construction/non_current_products/backhoes/310A.pdf
Note the pump inlet charge pressure spec is 55-130 psi at full throttle. Yours is healthy by that standard.
Standby pressure at the pump is supposed to be between 2,300 and 2,400 psi. Here's a link to a helpful sheet:
https://www.deere.com/en_US/docs/construction/non_current_products/backhoes/310A.pdf
Note the pump inlet charge pressure spec is 55-130 psi at full throttle. Yours is healthy by that standard.