As long as you have an explosive, it is possible to skip talking to Malon to get the Weird Egg and waiting a day for it to hatch into a chicken to wake Talon. This makes it possible to learn Zelda's Lullaby much sooner.
Simply stand on the little platform near the water, and do a damage boost with a jumpslash to boost yourself to the ledge. With a Bombchu you can shield drop it in mid-air or wait until it is about to explode before you jump. For a Bomb you must wait for it to explode.
You can also hover up, or Megaflip to the ledge if you push the blocks next to each other.