For each $i\in\Bbb N$, $\overset{i}\equiv$ is an equivalence relation on the set of states of the machine, so its equivalence classes form a partition $\pi_i$ of the state set, and $\overset{i+1}\equiv~=~\overset{i}\equiv$ if and only if $\pi_{i+1}=\pi_i$.
If you’re defining these relations in the usual way, $s\overset{i+1}\equiv t$ implies $s\overset{i}\equiv t$, so the partition $\pi_{i+1}$ refines the partition $\pi_i$. That is, each member of $\pi_{i+1}$ is a union of members of $\pi_i$. Thus, if $\pi_{i+1}\ne\pi_i$, then $|\pi_{i+1}|>|\pi_i|$: $\pi_{i+1}$ breaks up the state set into more parts than $\pi_i$ does. But a partition of the state set can have at most $n$ parts, one for each state, so the number of parts can increase at most $n-1$ times, from $1$ to $n$. Thus, it must be the case that $\overset{n+1}\equiv~=~\overset{n}\equiv$.