Maintain excellent water with zero values for ammonia and nitrite and a constant pH, morning to evening, and there is a chance that the fishes immune system will heal the fish. It sounds like it has started healing if the eyes are no longer bulging and the scales are noticeably laying back down. Water quality is critical at times like this with as close to zero changes causing stress as stress leads to worsening health. You might try to use a triple antibiotic ointment rubbed on a dry skin area with the reddened scales, but I would wait and see if the fish continues to improve. If it were worsening, to answer your question on lifespan, it would not last very long without antibiotics.
Zone 7 A/B
Keep your words sweet. You never know when you may have to eat them.
Richard