When I first looked at it, I saw an A Major chord and thought WTF?? But then I looked again and realized that there was an Eb, not an E. D’oh!
So, next I saw the tritone between Eb and A, and thought of a tritone sub. This would be B7, and the rest of the notes didn’t make any sense for B7
Now I’m thinking it’s a half-diminished chord - or Ebm7(b5)… is that correct? The prominent Ab’s in the right hand confuse the issue, but I guess they can be considered neighbour tones, or passing notes of some type. Also the spelling of the chord, why not a Db?
Just playing it on piano, it does seem like it’s a Bb chord to an Ebø7 chord back to a Bb7 chord, but that C# spelling is indeed weird. The next measure in the chromatic walkdown has no problem using a Cb, rather than a B natural, so you’d think they’d use a Db.
My best guess is that it was originally thought of as a fully diminished chord, which would include a C natural, but then that note is sharpened to make it a half-diminished chord (aka m7b5).
Doesn’t a diminished chord include flats, so based on Eb you get Eb–Gb–Bbb–Dbb ? No C natural. Now if you sharpen the Dbb you get Db, still no C# nor A natural for that matter.