The German translation is not consistent, so one thinks the menü addresse two different functions.

In English:
Watch
Manage Watchers

In German:
Überwachen (means Observe)
Beobachter verwalten (means Manager Watchers)

So users may ask: what is the difference between watching a page and observing a page.

Translation should be "Beobachten"
or
Überwachen
Überwacher verwalten