Yep, agreed with ij_eight. That sound is an unhappy compressor. Those air suspension compressors are only designed to run occasionally, and if you have a decent leak in your system, it'll overheat by running constantly.
And if it now doesnt make the noise, but also doesnt raise or lower on command, i'd say that just strengthens the hypothesis.
You're likely looking at the nasty job of hunting down an air leak in the air suspension lines or air struts, and then replacing the compressor.
I say nasty just because it's like finding a needle in a haystack usually...They have to basically get a fog machine around the suspension components and see where it's disturbed by leaking air blowing it.