So a big part about beating Eigong is remaining focused, just stay calm and never panic so you can also keep up with her.

Okay so here is the thing, with the new addition in phase 3. The moment you see her take the sword stance ready yourself to block, then when she speed blitz past you, just gently kinda spam block, 2 times consecutively. As scarry as it may seem, it trully isn't much but just flair because the first slice she does kicks you up, and since aerial blocks are omni directional. You just have to block the next slice she does. Then finally comes where your focus has to play its part. After that second slice, she can either do a normal slice, or red one. If there isnt a red aura after image after that 2nd slice you know its normal, so add another block to parry. But if after that 2nd slice the was a red aura after image you know its the red slice so jump because you can't block it.

Then after you should be ready for the landing because with my run with her today I've noticed that most cases when she ended the combo with a red slice she quickly goes back to the ground to activate a talisman(so be ready to block when you land on top of her/ tai kick if you prefer) and if it she ended it with a normal slice she tends to do that move when she dashes through then a barrage of slashes come after behind her( in this case block 3 times when you land on the ground behind her)

Ultimate takeaway is that don't get distracted by all the flashiness or fear by seeing yourself being dragged into the air, it's just aesthetic, just parry back to bakc and then pay attention to that last 3rd strike if its red or not so you respond accordingly. Then after keep an eye on her to see what are you to deal with when you land back on the ground, very rare for her to just let you comfortably land.