hmm
first keep in mind that it's a sax player, so he is speaking about melody, the chords his melodies are based on, not simply stacking a bunch of chords in a harmonic fashion. And its Coltrane, who was know for pushing the envelope abit.
It seems to be a context of a C7-F, a basic V7-I resolution.
E#b7? is that a typo? Sure it wasn't Eb7? I will assume its Eb7.
Because
moving a dominate chord riff in minor thirds is not uncommon in jazz.
lets spell the chords:
Code:
C Eb F#
E G A#
G Bb C#
Bb Db E
Notice how the Dominant 7th Bb(A#) shows up in all 3.
Eb7 also shares the 5th (G) while lowering the third, and adding a b9
F#7 also shares the third (E) while flatting the 9 (C#=Db) and flatting the 5 (F#=Gb) and/or raising the 11th
what Trane is essentially doing is altering the dominant in 2 different ways before resolving.
But rather than remember arpeggios and spellings for C7| Cm7b9 | C7b5b9, it is simpler to see it as C7 | Eb7 | F#7
but thats just a guess.