Summary
Traceroute is a network utility used to determine the path a packet travel through an IP network and is often used for network connectivity troubleshooting. By showing a list of routers traversed, it allows the user to identify the path taken to reach a particular destination on the network. This can help identify routing problems or firewalls that may be blocking access to a site. Traceroute is also used to gather information about network infrastructure and IP ranges around a given host. It can also be used when downloading data, as if there are multiple mirrors available for the same piece of data, one can trace each mirror to get a good idea of which mirror would be the fastest to use.
Functionality
WebWatchBot monitors an ip address or hostname by performing a Trace Route, enabling:
Why Use this Watch Type?
Screen Shots

Fields and Buttons
Hop Limit - threshold on the number of hops allowed before WebWatchBot triggers an alert
Hop Timeout - threshold on the timeout exceeded before WebWatchBot triggers an alert
More Information
Traceroute may not list the real hosts. Traceroute indicates that the first host is at one hop, the second host at two hops, however IP does not guarantee that all the packets take the same route.