Constructing a long-term deformation monitoring model for earth–rock dams that integrates multisource monitoring information is highly important for enhancing the safety state evaluation and monitoring effectiveness of such dams. In this paper, we propose a new health monitoring model named the deformation–seepage–water level multimeasurement point health monitoring (DSW-MPHM) model for earth–rock dams based on deep graph feature fusion. This model fuses coupled seepage, deformation, and water level features from different monitoring sites of the dam body, base, and shoulder. To achieve this goal, we first establish a new module to fuse spatial and temporal features using graph convolutional networks and long short-term memory. Seepage features and water level features are then extracted using graph attention mechanisms. Subsequently, we employ the feature fusion technique, which incorporates principal component analysis and gated fusers, to construct the DSW-MPHM model, which effectively fuses information from multiple sources. This novel approach successfully addresses the issues of information redundancy and the limited reliability of monitoring models. To verify the validity of the model, it is applied to an endoscopic deformation monitoring program of a panel rockfill dam with a height of 185.5 m. The results demonstrate the superior stability and effectiveness of the proposed method compared to those of 10 baseline prediction models. Additionally, the characterization of the seepage and water level features extracted from the model is verified for its reasonableness. Thus, our proposed model is well suited for practical engineering applications.