Obviously, the poem is a reference to the Biblical story of Adam & Eve: Where Eve was tempted into eating the forbidden fruit by Satan who visited her in the form of a serpent.
Poetic interpretations of Eve's role in the fall of mankind from the Garden of Eden is often seen as a commentary of the role that womankind play in society, and that is one way to read this poem.
When Hodgson talks about Eve's susceptibility to the snake's wile and charm, he describes Eve as simple and gullible