Sophomore, I have solid grades(unweighted 3.97) have already taken multiple AP's and finished my schools possible math classes. Combined with really strong EC's I was feeling really optimistic applying to my preferred colleges later on, however I received a 2 day suspension from online school a couple days ago and its sent me into panic mode over admissions. I know I can explain my suspension and its currently under review so that it may be removed from my record, but how does this factor into admissions and do I still have a reasonable chance?
I think you'll be fine, considering your stats already. Maybe you can counteract the suspension with community service of some sort after the quarantine is over, but I'm sure you were already planning on doing something. Anyways, I don't think the suspension will make much of a difference.
Since it's online school, I don't think it will be held against you too much. However, it depends on what you did you get that suspension; worst case scenario, you might be able to appeal to your school if you have justification for why you want to remove that from your transcript. I can't imagine there being anything too severe, but you can explore other means of amending your actions if you would like to. However, if you can't get it removed from your transcript, you can try to show improvement by having a clean transcript throughout the rest of high school.
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you can explain