The answer is yes. The identity $SL_n(\ell^{\infty}) = E_n(\ell^{\infty})$ holds for every $n \ge 2$ and $\mathbb{C}$ can be replaced by any normed field. This can be inferred using the following lemma and the two observations below.
Lemma. Let $R = \prod_i R_i$ be a direct product of unital and commutative rings $R_i$. Let $n \ge 2$ and $A = (A_i )_i\in SL_n(R) \simeq \prod_i SL_n(R_i)$. If for every $i$ the matrix $A_i$ is the product of at most $k$ elementary matrices over $R_i$, then $A$ is the product of at most $k(n^2 - n)^k$ elementary matrices over $R$. In particular, we have $A \in E_n(R)$.
Proof. Consider each matrix $A_i$ as a word $w_i$ over an alphabet of elementary matrix types (there are $n(n -1)$ types). Since there are at most $(n^2 - n)^k$ such words $w_i$, they all fit in a word of length at most $k(n^2 - n)^k$.
Let $A \in SL_n(\mathbb{C})$. Then we have:
- The largest complex modulus of a coefficient of $A$ is greater or equal to $1/\sqrt[n]{n!}$ (expend $\det(A)$ and use the triangle inequality).
- If the coefficients of $A$ are bounded above by $C > 1$, then $A$ is the product of $\nu(n)$ elementary matrices with coefficients bounded above by $2\sqrt[n]{n!} C$ where $\nu(n)$ depends on $n$ only (use the above observation as a basis for an induction on $n$).
Combining the last observation with the lemma yields the result.
Let us detail the case of $SL_2(\ell^{\infty})$.
Proof for $n = 2$. Multiplying $A = (a_{ij})_{1 \le i, j \le 2}$ by at most four elementary matrices whose coefficients are bounded above by $1$, we obtain a matrix $A' = (a'_{ij})_{1 \le i, j \le 2}$ whose coefficients are those of $A$, up to some permutation and some sign changes, and such that $\vert a'_{11} \vert$ is maximal. Using $a'_{11}$ as a pivot, we can turn $A$ into $\begin{pmatrix} a'_{11} & 0 \\ 0 & 1/a'_{11} \end{pmatrix}$ by means of two elementary matrices whose coefficients are bounded above by $\sqrt{2}C$$1$. Using four more matrices whose coefficients are bounded above by $2\sqrt{2}C$, such as those used in Whitehead's lemma, we obtain the identity matrix. All in all, we used at most ten elementary matrices to perform our reduction and the coefficients of all these matrices are bounded above by $2\sqrt{2}C$ (hence we can set $\nu(2) = 10$).