Hey, that's pretty nice! It's definitely
getting better. I quite like the overall proportions now, I think what you could perhaps focus on next is the arm.
Unfortunately everyone seems to have a different take on it...
1. The arm is higher up like yours, but "rounder" and more shapely. The colour matches the sprite.
2. This one's arms bend down and back and then forward (but the forearm overlaps the upper arm). Just like I imagine those in the sprite to.
3. This was my rough interpretation of the official art. With spherical metal shoulder type things for arms (personally I think it makes him look more like a robot).
4. This is the official art (for comparison).