Is There an Ella Enchanted 2?

It's not called Enchanted 2. At the end of 2020, Disney confirmed that Disenchanted (the actual title) is in the works. It will stream on Disney+.

Are they making an Encanto 2?

As mentioned, Disney hasn't confirmed Encanto 2, so it won't be a surprise to know there isn't a confirmed release date yet. The first movie was in development for a few years before being officially confirmed by Lin-Manuel Miranda in June 2020.

What is Enchanted 2 going to be about?

Giselle married Robert at the end of Enchanted and the sequel is said to pick up with Giselle questioning her happily-ever-after life, accidentally triggering events that make everyone's lives turn upside-down in the real world and in Andalasia.