Technically yes, but not recommended . A single Wi-Fi drop or screen sleep can brick the router. Always use a wired computer.
You need to log in to the router's settings page to perform the update. Connection: Update Software in TOTOLINK ND300V2
Use an Ethernet cable to connect your computer to the router. Updating over Wi-Fi is risky as a connection drop can "brick" the device. Stable Power: Technically yes, but not recommended