The opposite double lighting on Eldred works really well. I agree about dropping the saturation on the armour,
and sword too, to make them more metallic-looking.
The one thing that bugs me is that the sword seems to be at the same depth as his far side shoulder (or at least it should be, unless the crossguard is stuck between his ribs), but the lower hand seems to be around the centreline of the torso.
ETA: Actually, the sword is not held like that anyway, so changing the position of the sword will fix this problem. When you grab the sword, the crossguard should align with the arm. In your picture, the crossguard should not go parallel to the canvas, but in an angle of about 45 degrees.
(ETA 2: To be exact, the position of the lower hand is wrong, in a two-hand grip the second joints of the fingers of both hands point to the same direction (forward) and there is a gap between the hands)
And please redo the cape (or remove it altogether), now it looks like The Blob is making a sneak attack on him from behind.
