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AWS Advanced Networking Speciality 1.3 AWS Advanced Networking: Connectivity patterns that apply to load balancing based on the use case
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Internal ELB — An internal Load balancer is not exposed to the internet and is deployed in a private subnet. A DNS record gets created, which will have a private-IP address of the load-balancer. It’s worth noting to know DNS records will be publicly resolvable. The main intention is to distribute traffic to EC2 instances. Across availability zones, provided all of them have access to VPCs.
External ELB — Also called an Internet-Facing Load Balancer and deployed in the Public subnet. Similar to Internal ELB, this can also be used to distribute and balance traffic across two availability zones.
Example Architecture Reference — https://docs.aws.amazon.com/prescriptive-guidance/latest/patterns/deploy-an-amazon-api-gateway-api-on-an-internal-website-using-private-endpoints-and-an-application-load-balancer.html?did=pg_card&trk=pg_card