Francisco Tárrega's etudes, often guitar-based but arranged for piano, are known for their lyrical charm and graceful melodic lines.
Requires a sensitive touch for lyrical melody and smooth legato phrasing.
2 Etudes is rated Henle level 4 of 9 — intermediate repertoire, roughly ABRSM grades 5–6. In the RCM system it corresponds to about level 6.
You should be comfortable at Henle level 4 — meaning you can already play level 3–4 pieces cleanly. Learning it one level early is possible as a stretch piece, but more than that usually leads to months of frustration.
A typical performance of 2 Etudes lasts about 5 minutes.
2 Etudes is available as free public-domain sheet music on IMSLP — the score is linked directly from this page.