What data is stored in Ephemeral Storage of Amazon EC2 instance?

Anything that is not stored on an ebs volume that is mounted to the instance will be lost. For instance, if you mount your ebs volume at /mystuff, then anything not in /mystuff will be lost. If you don't mount an ebs volume and save stuff on it, then I believe everything will be lost.

To be clear and answer @Dean's question: EBS-type root storage doesn't seem to be ephemeral. Data is persistent across reboots and actually it doesn't make any sense to use ebs-backed root volume which is 'ephemeral'. This wouldn't be different from image-based root volume.

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