Well yes it should ! But there is an unresolved issue for this phone cedric https://gitlab.e.foundation/e/backlog/-/issues/7907.
More generally though an /e/OS Android 11 (R) build is expected to work fine on a device where manufacturer support already ceased as long as one follows the guideline on the install page.
Before following these instructions please ensure that the device is on the latest Android 8.1 firmware.
You will notice that the build e-1.20-r-20240221382014-dev-cedric.zip is reported safe to install, but there will be some uncertainty about the next update, I guess.